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South Korea tops entrepreneurship environment index in Asia

Thailand ranks in 8th position in the 2018 edition of Global Entrepreneurship Index, and 4th of Asean countries, following Singapore, Brunei and Malaysia.

Boris Sullivan

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South Korea tops the region in entrepreneurship environment with a score of 54%, according to the recently released Global Entrepreneurship Index.

The country jumped three spaces up from the last year.

The tech giant has been ahead of producing new technologies and introducing new products to customers. It is closely followed by Singapore and Japan with a score of 53% and 52%respectively.

China is ranked fourth in the region with a score of 41%

China’s physical infrastructure contributes to the country’s score followed by its market dynamics. It is followed by Brunei and Malaysia that have as score of 34% and 33% respectively.

India is ranked seventh in the region with a score of 28%

Despite various initiatives of the current government like “Make in India” the country is far behind as compared to other established regional leaders.

According to the report the country’s strong areas are in product and process innovation, opportunity start-up, and robust competition in the marketplace.

It is followed by Thailand, Philippines and Vietnam.

South Korea has the strongest entrepreneurship in Asia

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Thailand’s FDI applications up 69% in the first nine months of 2019

The total value of FDI applications received by the BOI in the nine months to September increased 69% from the year earlier period, to a total value of 203.37 billion baht, according to the latest data from the BOI

Boris Sullivan

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Thailand continued to attract rising foreign direct investment (FDI) in the first nine months of 2019, with increased number of investment project applications according to public agency Thailand Board of Investment (BOI).

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Thai Labour minister calls meeting after U.S. GSP cut

The Minister of Labour has called an urgent meeting to address the labour concerns cited by the U.S. as a factor in the decision to revoke trade preferences.

National News Bureau of Thailand

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BANGKOK (NNT) – The decision by the U.S. to suspend Generalized System of Preferences (GSP) treatment to Thailand, requiring all Thai exports to the U.S. to be subject to duties, has raised confusion among many sectors in Thailand.

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Thailand edges up 6 spots in World Bank’s Ease of Doing Business 2020

While many economies in the East Asia and the Pacific region make doing business relatively easy, the pace of reforms has slowed from previous years.

Boris Sullivan

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Crowded downtown area in Bangkok

Thailand’s ranking in the World Bank’s Ease of Doing Business 2020 list has edged up 6 places, from 27th to 21st this year from 190 countries surveyed

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